Choices Galore in Tourist Hotspot
Prospective homebuyers in Fullerton are eagerly mulling over the 806 foreclosed homes and houses for sale in the city’s real estate listings auctions in the coming days. The homes have a rather steep median listed price of $414,000. The 1,170 other FSBO homes also offered for purchase through the property auctions sport the median listed price of $419,000. California has been the state that has witnessed the highest number of foreclosure filings in the past few months. Indeed, the state of California has accounted for a third of all the government foreclosures that have occurred in the whole of US in the last three odd years. Hence, the large number of seized homes being auctioned is only to be expected. However, their exorbitant median price indicates that there must be other local factors responsible for the soaring property pricing.
Fullerton is a city situated in Orange County, in the US state of California. The city has traditionally been an agricultural hub, particularly with regard to oranges and various citrus fruits. Besides, extraction of petroleum, manufacturing and transportation also dominate the local economy. Fullerton plays host to several educational institutions, most famously to the California State University. Orange County is a county in southern California and Santa Ana is its county seat. Orange County ranks as the second most populous county in California State, and as the fifth most populous county in the whole of US. Fullerton is also a popular tourist destination, with such marvels to boast of as Knott’s Berry Farm, Disneyland, and various pilgrimage spots like Calvary Chapel, Saddleback Church and Crystal Cathedral. The region is generally regarded as an affluent one.
Fullerton rubs shoulders with thirty-three other incorporated cities in Orange County; and a few of them are Anaheim, Dana Point, Buena Park, La Palma, Garden Grove, Laguna Hills, Irvine, Lake Forest, Laguna Woods, Placentia, Mission Viejo, Santa Ana, Orange, San Juan Capistrano, Yorba Linda, Seal Beach, Tustin, Stanton, Westminster and Villa Park. In addition, the umpteen unincorporated communities in the vicinity of Fullerton include Balboa Island, Olive, Capistrano Beach, Portola Hills, Dove Canyon, Northwood, French Park, San Juan Hills, Foothill Ranch, Sunny Hills, Lido Isle, Woodbridge, Santiago Hills, Mesa Verde, Northwood, West Garden Grove, Santa Ana Heights, Cowan Heights, Surfside, Midway City, Rossmoor, Red Hill, Silverado Canyon and Trabuco Canyon.
Agent Vital for Lucrative Investments
A snapshot of the Fullerton real estate market would be incomplete without a reference to the key role played by the city’s umpteen property brokers. Paul Dunlap, Sue Braun, Greg Carrescia and Chris Lee count among the leading real estate agents active in Fullerton. The agents are in great demand by both the sellers and buyers of homes. The sellers woo the agents to get them interested and high bidders for their properties. The buyers, likewise, seek the agents to guide them in their selection of homes to bid for, the colonies most advisable to relocate to, and the home finance schemes the most convenient for them. An agent receives remuneration from the seller by way of a commission on the transaction proceeds. As a buyer, you aren’t called upon to pay the agent anything for the expert suggestions or advice that you get from her.
